A Light Emitting Diode (LED) is a semiconductor device that converts electricity into light. The LED light is considered “green” because of the absence of dangerous chemicals and minerals in the product and an accompanying significant reduction in energy consumption, to the tune of 80% of traditional lighting products. Plus, LEDs do not produce as much heat as incandescent bulbs or other conventional light sources.
Recent advances in the performance of these LEDs have made LED lighting applications commercially feasible. Lumens per watt from an LED have increased to over 140 lumens today from only 55 lumens per watt just a few years ago making LED lighting a viable and economically attractive alternative to conventional lighting options. LED fixtures are comprised of LED diodes which are combined with circuitry, housings and controllers to create the end product, the “LED fixture”.
The ultimate efficiency of the LED fixture is only partly determined by the LED diode. The ultimate efficiency is determined by the way it is configured and engineered within the fixture. This is the differentiator in the industry, and what makes Lightsky’s products proprietary.
It is expected that over the next 5-10 years, the U.S. and the world will transition from incandescent and fluorescent fixtures to LED technology, which is superior in terms of lifecycle, operating costs and energy consumption. The paybacks on LED replacements of commercial lighting are as short as 18-36 months, but will soon be in the 6-24 month range. It is estimated by the U.S Department of Energy that there are over 2.5 billion fixtures in commercial and industrial properties throughout the USA. The replacement cost of these fixtures could exceed one trillion dollars.
ForceField plans to capitalize on the huge market opportunity that has no major player by leveraging Lightsky’s reputation and success in large scale deployments and high product ROI. ForceField plans to offer an array of commercial LED products for: warehouses, canopies, parking garages, exterior building facades, and parking lots, along with office space and retail chain replacements for fluorescent fixtures.
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